RCS - Digital Transform. - DTCP holds second close of Infrastructure Vehicle

Deutsche Telekom AGAnnouncement

30/08/2022 13:00

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RNS Number : 6080X  Digital Transformation Cap. Ptnrs  30 August 2022

Digital Transformation Capital Partners (DTCP) holds second close of Digital
Infrastructure Vehicle II at about €1 billion

·    Fund has raised capital from leading international investors
including BlackRock and abrdn, in addition to existing investors

·    Targeting investments in the areas of fiber networks, mobile towers,
and data centers

·    €730 million already committed, strong deal pipeline in place

 

Hamburg, London, Luxembourg, August 30th, 2022 - DTCP has successfully held
the second closing of its Digital Infrastructure Vehicle II ("DIV II" or "the
Fund") at about €1 billion. The Fund was launched in June 2021 and has
raised additional capital from new, leading international investors, including
BlackRock and abrdn, as well as a sovereign wealth fund from the Middle East
and various German insurance companies. The Fund will continue to raise
significant capital until its final closing in 2023.

 

DIV II invests in digital infrastructure - fiber networks, mobile towers and
data centers - to accelerate digital transformation and create value for its
investors, its portfolio companies, and society. The Fund focuses on
opportunities with defensible market positions and long-term value creation
potential through either minority or majority European equity investments. The
Fund is targeting eight to ten equity investments in the range of €150 to
€250 million, offering significant co-investment opportunities to its
investors.

 

Vicente Vento, Founder & CEO of DTCP and Managing Partner of DIV II, says:
"We would like to thank our existing and new investors for their support and
trust. Our existing portfolio is performing strongly and our investment
pipeline holds many exciting opportunities that offer attractive risk adjusted
returns. The second closing of DIV II is an important milestone in our journey
to accelerate digital transformation and create a diverse, equal and
carbon-neutral digital society."

 

The Fund has already committed €730 million in four transactions. DIV II was
a founding investor in the new Cellnex NL, the leading independent
telecommunications tower company in the Netherlands formed through the
combination of the Deutsche Telekom and Cellnex tower businesses. DIV II has
invested alongside other leading investors in Open Dutch Fiber and E-Fiber,
which jointly constitute the largest independent open access fiber-to-the-home
network in the Netherlands. Finally, the Fund has recently signed its latest
investment into a leading European data center business, which is expected to
be completed shortly.

 

DIV II qualifies as an Article 8 fund under the EU Sustainable Finance
Disclosure Regulation (SFDR), targeting to invest at least 20% of the capital
in assets qualifying as sustainable investments. DIV II is committed to
reducing its overall greenhouse gas emissions and becoming carbon net zero at
the portfolio company level by 2040.

 

(Ends)

 

 

About DTCP (Digital Transformation Capital Partners)

 

DTCP is an independent investment management firm focused on digital
transformation. DTCP Infra invests in fiber networks, mobile towers and data
centers. DTCP Growth invests in leading cloud-based enterprise application
software companies.

 

The driving force behind the firm's strategies is the belief that the
convergence of networks, devices and the internet is creating more wealth,
disrupting more businesses, and unleashing more innovation than any force in
the history of technology.

 

DTCP and its affiliates have offices in Hamburg, London, Luxembourg, San
Francisco, Seoul and Tel Aviv. To learn more about DTCP, please visit
dtcp.capital.

 

 

 

Investor & Media Inquiries

Investor Relations Contact

DTCP

Melanie Böttcher

Investor Relations and Communications

E-Mail: melanie.boettcher@dtcp.capital

Phone: +49 151 61930 752

 

PJT Park Hill

Evelyn L. Koh

E-Mail: koh@parkhillgroup.com

Phone: +44 7741 901 390

 

Media Contact

Kekst CNC

Monique Perks

E-Mail: monique.perks@kekstcnc.com

Phone: +44 7581 033 557

 

 

Issuer: Digital Transformation Capital Partners

Key word(s): Information technology

 

Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group
AG.

The issuer is solely responsible for the content of this announcement.

 

Digital Transformation Capital Partners

Am Sandtorpark 2

20457 Hamburg

Germany

https://www.dtcp.capital/

 

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